Analysts Set Titan America SA (NYSE:TTAM) PT at $17.36

Shares of Titan America SA (NYSE:TTAM) have earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $17.3571.

TTAM has been the topic of a number of analyst reports. Sanford C. Bernstein lifted their price target on Titan America from $15.00 to $17.00 and gave the company a “market perform” rating in a research note on Friday, December 19th. Jefferies Financial Group increased their target price on shares of Titan America from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, December 15th. Wall Street Zen raised Titan America from a “hold” rating to a “buy” rating in a research note on Saturday, November 29th. Finally, Citigroup raised their price objective on Titan America from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 8th.

Institutional Investors Weigh In On Titan America

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its holdings in shares of Titan America by 3.0% during the 3rd quarter. Rhumbline Advisers now owns 24,073 shares of the company’s stock valued at $360,000 after buying an additional 691 shares during the period. Intech Investment Management LLC increased its holdings in shares of Titan America by 7.1% in the 3rd quarter. Intech Investment Management LLC now owns 13,622 shares of the company’s stock valued at $204,000 after acquiring an additional 898 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Titan America during the 2nd quarter valued at about $28,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Titan America during the 2nd quarter worth approximately $31,000. Finally, Keybank National Association OH grew its position in shares of Titan America by 16.2% during the third quarter. Keybank National Association OH now owns 17,900 shares of the company’s stock worth $267,000 after acquiring an additional 2,500 shares during the last quarter.

Titan America Trading Up 3.9%

NYSE:TTAM opened at $17.72 on Friday. Titan America has a 12-month low of $10.80 and a 12-month high of $18.16. The company has a current ratio of 2.95, a quick ratio of 1.87 and a debt-to-equity ratio of 0.45. The stock’s 50 day simple moving average is $16.51 and its 200-day simple moving average is $15.54. The firm has a market cap of $3.27 billion and a P/E ratio of 17.90.

Titan America (NYSE:TTAM) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. The company had revenue of $436.85 million during the quarter, compared to the consensus estimate of $439.30 million. Titan America had a net margin of 10.83% and a return on equity of 19.80%. The company’s revenue was up 6.2% on a year-over-year basis.

Titan America Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, December 29th. Investors of record on Wednesday, December 17th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, December 17th. Titan America’s dividend payout ratio (DPR) is presently 16.16%.

About Titan America

Titan America is a leading vertically integrated, multi-regional manufacturer and supplier of heavy building materials and services operating primarily on the Eastern Seaboard of the United States (the “Eastern Seaboard”). We are a leading provider of materials that contribute to lower carbon emissions than traditional building materials and/or beneficial reuse of waste materials. We are a leading provider of heavy building materials in Florida, the New York and New Jersey Metropolitan area (“Metro New York”), Virginia, North Carolina and South Carolina (Virginia and the Carolinas, together with Metro New York and their adjacent areas, the “Mid-Atlantic”).